The Bay Area can feel intimidating when you see those price tags, but with your husband’s contracting skills, you’ve got a real advanatage.

This property went under contract at a great price passed all the inspections and appraisal and so forth.  

Except I already had the property under contract.

I don't know your specific market all that well but have you done some analysis on your ADR during the high season X your high season occupancy rate and determined whether taking lower priced slow season bookings vs letting your property stay vacant during the winter averages out in your favor?

The more issues you can take off their plate before you lock it up under contract the better you'll be.

And also I inherited the tenant and havent signed lease with them been advised to better honor the same terms of the seller until their contract finish.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

All these statutes supercede any written contract between landlord and tenant.Now, if they stop paying, then you do not have the restrictions above. 

When I made some changes to the property and put it back on the market about 15 months later for double what I paid, it was under contract in 48 hours.

They have a system, team, and their own contracts, and also provide proof funds, even the EMD.